Michael Saylor Urges Companies to Merge with Bitcoin as 'Universal' Solution
Michael Saylor, Executive Chairman of Strategy, has been advocating for Bitcoin as a strategic asset for corporations. He recently referred to a group of companies as the 'Magnificent Seven', though their identities remain unclear. Saylor sees Bitcoin as a unique opportunity for smaller firms to connect with a global crypto network in its early stages.
Saylor presented a compelling case for Bitcoin, contrasting it with artificial intelligence. He believes Bitcoin offers a way for companies to combat corporate entropy, unlike AI which tends to strengthen the positions of established players. Saylor's strategy involves companies 'buying Bitcoin' or 'buying Bitcoin with someone else's money' to potentially multiply their value by 10 or even 100 times.
Saylor labelled 96% of public companies as 'zombie companies', unable to outperform even a simple Treasury bill. He called on companies to merge with Bitcoin, describing it as a 'universal, perpetual, profitable merger partner for every company on Earth'. Strategy, under Saylor's leadership, started leveraging Bitcoin as a balance sheet strategy in 2020, transforming into a profitable Bitcoin-backed firm.
Michael Saylor's pitch for Bitcoin as a corporate strategy is gaining traction. Despite the 'Magnificent Seven' companies remaining unnamed, Saylor's vision of Bitcoin as a global crypto network and a solution to corporate entropy is compelling. Companies are encouraged to consider Bitcoin as a strategic asset, potentially transforming their balance sheets and growth prospects.
